Wall Street Rides Stock Rotation as Tech Slides скачать в хорошем качестве

Wall Street Rides Stock Rotation as Tech Slides

Eric Freedman, CIO at Northern Trust Wealth Management, talks potential consumer pullback and concerns around earnings expectations. Wall Street traders kept driving a rotation out of tech companies, whose all-weather earnings made them safe bets at times of economic uncertainty, and into a broader category of firms tuned to improving growth prospects. Gold climbed to around $5,000. While most shares in the S&P 500 rose, the index edged lower. That’s even as data showed US service providers had the strongest back-to-back growth since 2024. Software firms were caught in another wave of selling as investors worried about the business risks they face from better artificial-intelligence tools while chipmakers sank as Advanced Micro Devices Inc.’s outlook underwhelmed investors. “There might be a glass half full and a glass half empty perspective on the moves here,” said Kyle Rodda at Capital.com. “On the one hand, tech stocks are potentially too richly valued. On the other hand, the strength in the market is broadening out in a sign of improving economic fundamentals, backed up by data that shows more robust economic conditions.” The dynamic will be brought into sharp focus in the next few days with more results from big techs. Alphabet Inc., the top performer among the “Magnificent Seven” megacaps last year, will report results after the close. Its $4.1 trillion market capitalization has approached Nvidia Corp.’s value after an over $2 trillion surge in the past eight months. Action was fairly muted in the bond market, with traders parsing the latest economic data. US companies added fewer jobs than expected in January, pointing to a continued slowdown in the labor market at the start of the year. Still, recent reports have pointed to limited layoffs. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake